Palatine has made the second investment from its Impact Fund II by investing in waste management and recycling services specialist Roydon Recycling, which is being carved out of the Roydon Group with current CEO, Paul Hodgkiss, continuing to lead the company.
Palatine has made the second investment from its Impact Fund II in waste management and recycling services specialist Roydon Recycling, which is being carved out of the Roydon Group with current CEO, Paul Hodgkiss, continuing to lead the company.
Headquartered in Swinton, Greater Manchester, Roydon Recycling serves clients – in particular food and beverage manufacturers – across Europe, advising on waste management strategies to increase resource efficiency and support the circular economy. All existing staff will remain with the business as part of the investment.
Ian McAulay will join Roydon Recycling as chair, utilising his experience from previous roles, which include CEO positions at both Southern Water and Viridor.
Palatine’s returns-focused Impact Fund II invests up to £25 million in companies that are creating social or environmental change and tackling some of the biggest issues in society.
Palatine was advised by CIL (commercial), Gateley (legal), Fluid IT (technology and operations), RSM (tax) and The Quinn Partnership (management). Roydon Recycling was advised by Sedulo (corporate finance), Squires (legal) and RSM (financial).
